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that's how president obama is describing republican plans for avoiding the fiscal cliff. can these two work together? we'll ask congresswoman debb ebr debber -- debbie wasserman schultz. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. get a droid incredible 4g lte by htc for $49.99. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron c
that's how president obama is describing republican plans for avoiding the fiscal cliff. can these two work together? we'll ask congresswoman debb ebr debber -- debbie wasserman schultz. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company...
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we go over the fiscal cliff, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics beca
we go over the fiscal cliff, and this gives, frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> well, the former treasury secretary has one thing to say but many other voices are a virtual kcacophony where wolf blitzer has to sit every day. >> in the short term the president has more leverage right now because if they do nothing, let's say they avoid any legislation between now and the end of the year, starting january 1st...
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president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus spending over the next year. here is how that breaks down. $95 billion to extend the payroll tax cut for one year, $30 billion to extend jobless benefit for one year, $50 billion to spend on roads and bridges and another $25 billion on short-term stuff like a temporary tax deduction for small businesses. the argument in favor of the president's plan is this could help people still hurting from years of economic trouble, but you know as well as i do, stimulus is almost as bad a word to republicans as tax hike. those are two words, actually. speaking of potential tax hikes, businesses continue to f
president obama made clear today that it will not be possible to get a deal to avert the fiscal cliff without raising taxes on the wealthy. the gop's plan did promise $2.2 trillion in deficit savings over the next decade. that's about half of what the president promises in his plan. but the gop plan does it without any tax hikes on the rich. and that is not going to fly with democrats. republicans for their part are unhappy that the president's proposal calls for $200 billion more in stimulus...
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president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some agreement on other issues, those remain the sticking points. i did hear from an administration official a short time ago who told me no update whatsoever when i asked whether or not there would be some counteroffer, i guess, the counteroffer from republicans. so that remains the big sticking point, and it appears that until there's some movement on that, there really won't be an agreement. >> and before you go, i understand speaker boehner and the president were at a holiday reception and, well, what happened? >> well, you know, as you know what happens every year
president obama put out his plan. the republicans rejected it. the republicans put out a plan yesterday, and the president rejected it. what should we make of this? >> reporter: well, right now it shows at least publicly both sides are fully entrenched in not wanting to budge on some very specific issues. the president wanting taxes to go up on wealthy americans, those extension only for middle class americans. republicans saying no way at all, and beyond that while they might have some...
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he remains optimistic that once republicans accept that there is no deal without an acknowledgment and acceptance that rates have to go up on he remains optimistic that once high end earners, we can find compromise here. that any to preview for resolve and takes a very important step toward thed
he remains optimistic that once republicans accept that there is no deal without an acknowledgment and acceptance that rates have to go up on he remains optimistic that once high end earners, we can find compromise here. that any to preview for resolve and takes a very important step toward thed
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yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries. i think that, you know, there's probably more cuts that we can squeeze out, though we've made over a trillion worth of spending cuts. >> you'll remember only a week ago the democrats proposed their solution to this and it was rejected by the republicans. the president is reiterating that taxes have to go up on the nation's top 2% in order to
yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am...
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all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically get a raise. theys hould stop that. they don't need the money anymore. they have plenty. obama is going to have his way, and that's it. host: can you hang on the line? let me get your reaction from larry duncan on twitter who says -- what do you think, margaret? caller: i think that is correct. there are a lot of loopholes but they do not want to do this. they are happy because they are getting this extra money. if obama gets -- i don't have a charge card. i am paying off all my debt. we should pay off all large debt. how much are we paying for this debt that we go? that
all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase....
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because obama's not a liberal enough. >> run against -- if there were a republican president. if john kerry were right and mccain is president and you know you go run against president mccain. can you imagine how they would be howling on the right wing? >> bill: they would have been demanding they shut down the network. take their license away, the whole thing. roger does this. the accusation that fox is nothing but the propaganda arm or the broadcast arm of the republican national committee is right. you know. >> by the way, this piece is by bob woodward. this is not some kid. >> bill: i didn't notice that. >> it is by bob woodward. he dug this out somewhere. somebody came to him with it. that adds weight to it. but you know, it is like we've always said, nothing about fox is shocking, you know. so they benefit from the ridiculously low expectations because nobody expects them even to be a serious even-handed news network. >> bill: as a segue, i guess nobody expected a serious counter proposal to come from john boehner. and we didn't get it yesterday. so republicans have been
because obama's not a liberal enough. >> run against -- if there were a republican president. if john kerry were right and mccain is president and you know you go run against president mccain. can you imagine how they would be howling on the right wing? >> bill: they would have been demanding they shut down the network. take their license away, the whole thing. roger does this. the accusation that fox is nothing but the propaganda arm or the broadcast arm of the republican national...
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for american progress has put forward, but how would you bridge the divide between where boehner and obama is, on the specific issue of revenue and overhauling the tax code? >> taken. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from bull's best said. polls-simpson said brown the base, lower the rates. we now have the president's proposing raising the rates and opposing a base-broadening measure. republicans want to keep the rate same and run the base, but that is different. bowles-simpson had it right. i look at the logic of the white house with regard to the idea of capping a itemized deductions. i would like to take a look at it from a cost-benefit point of view. we're looking at tax expenditures, and we should benefits inst of doing it. they're against it for two reasons, the first one was effected some taxpayers making less than 2 hen $50,000, which is true. this would be a $50,000 cap,
for american progress has put forward, but how would you bridge the divide between where boehner and obama is, on the specific issue of revenue and overhauling the tax code? >> taken. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from bull's best said. polls-simpson said brown the base, lower...
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did and refusing to reset terms. >> the republicans in congress in 2011 demanded, said they would let american default if they did not get the items on their agenda. that was consequential and unprecedented, and the result was bad for everyone. >> okay. anyway, moving on, two weeks ago, the committee for responsible budget, a bipartisan group, that includes a lot of democrats that the president consults with including tyson and rivlin and others, they put out a paper on raising revenues from high earners. they say that thrtion a middle ground in which democrats raise revenues, republicans avoid rate increases, the same amount of revenue, but you don't agree with the numbers? >> independent economists assess, that add up the numbers on paper, but wiping out the charitable deduction, it's not plausible. talk about cutting into the mortgage deduction in a way that taxes, middle class americans, that violates the principle that the president has -- in order to preserve low taxes, low tax rates for wealthy americans, to ask the middle class to pay the price, is not going to happen. it's ju
did and refusing to reset terms. >> the republicans in congress in 2011 demanded, said they would let american default if they did not get the items on their agenda. that was consequential and unprecedented, and the result was bad for everyone. >> okay. anyway, moving on, two weeks ago, the committee for responsible budget, a bipartisan group, that includes a lot of democrats that the president consults with including tyson and rivlin and others, they put out a paper on raising...
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obama for his signature? did they move to protect 98% of middle-class families from this tax hike in january? no. no. they decided to hold the middle-class tax cuts passed by the senate hostage in an attempt to push for tax cuts for the folks they care the most about, the top 2% of highest earning households. republicans fighting for millionaires and billionaires is not a new story. in 2001, president george w. bush decided to spend a large portion of the surpluses he inherited from president clinton to cut tax rates. many democrats opposed him then because the tax cuts were unfair, favoring the highest-income americans. to overcome that obstacle, the republicans resorted to a parliamentary technique, budget reconciliation, a maneuver that allowed for passage of their tax cuts but forced them to expire after 2010, at the end of the ten-year budget window. so we scroll forward to 2010. as 2010 ended, president obama and many democrats in congress, including myself, wanted to extend the tax cuts for middle-clas
obama for his signature? did they move to protect 98% of middle-class families from this tax hike in january? no. no. they decided to hold the middle-class tax cuts passed by the senate hostage in an attempt to push for tax cuts for the folks they care the most about, the top 2% of highest earning households. republicans fighting for millionaires and billionaires is not a new story. in 2001, president george w. bush decided to spend a large portion of the surpluses he inherited from president...